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denis-greek [22]
3 years ago
12

Stefanie opens a checking account at her neighborhood bank and writes a check on her account. The legal relationship between Ste

fanie and the bank can be described as:
a. a customer relationship.
b. a secured transaction relationship.
c. an agency relationship.
d. a sales relationship.
Business
1 answer:
Bingel [31]3 years ago
3 0

Answer:

c. An agency relationship

Explanation:

An agency relationship is a mutual relationship, in which one person (i.e the principle ) gives a permission to an agent so as to act on their behalf.

In this relationship the agent must consent to the instructions of the person i.e the principle.

Here in the question, Stefanie acting as Principal who has directed the agent (which is the bank in the given case ) to execute a task.

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Explanation:

Cost of goods sold = +Purchase + Direct Exp+ Opening Inventory  - Closing Stock

85,000 + 3,23,000 - 1,02,000 = 3,06,000

6 0
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5 0
2 years ago
Increased government debt can lead to higher interest rates​ and, as a​ result, crowding out of private investment spending. In
prisoha [69]

Answer:

The correct answer is option D.

Explanation:

Increase in government spending may not lead to an expansionary effect on the economy because of the crowding-out effect. This is because increased borrowing to fund spending leads to increase in interest rates. Increased interest rate discourages investors leading to a decline in private investment. This further has an adverse effect on aggregate demand.  

If the debt spending is spent on constructive work such as infrastructure, research, and development, education, etc it will create value in the future. Such spending will pose less problem in the long run. Spending on education will create human capital. Spending on infrastructure and research and development will further help in the production process.

4 0
3 years ago
In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become mor
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<span>In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.</span><span>


CFO; CEO</span>
3 0
3 years ago
Using a budget is a good way to what?
belka [17]

Answer: A. stay outta debt

8 0
3 years ago
Read 2 more answers
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